Trent Bridge Annual Report 2018

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2018 ANNUAL REPORT & ACCOUNTS 30 A glut of international fixtures over the summer of 2018 paved the way for another strong financial performance.The Club recorded a pre-tax surplus of £908,260 for the year ended 30th September 2018 on the back of these high-profile matches, the second highest annual surplus in its history. This result for 2018 compares very favourably with the previous year (£279,000) and such an increase is primarily reflective of the fact that we hosted an additional Royal London One-Day International (ODI) compared to 2017. Full details of our financial results are displayed in the accounts over the next few pages, along with relevant notes to provide further explanation and detail. When viewing the accounts, it will be quite clear to see that the improvement in our bottom line was driven by a significant uplift in our income lines for the year.Total income amounted to £13.1m and this compares favourably against the £10.8m recorded last year, in fact it is the highest recorded annual income in our history. The chief contributors to this rising income can be found within ‘Cricket’ (+£1.6m) as a result of our international fixtures held and ‘Commercial’ (+£0.8m) due to increased catering and hospitality. It has long been established that the income derived from hosting international cricket forms a substantial portion of our turnover and this has been the case again during 2018. As a rough approximation, we receive half of our total annual income from the handful of days on which we host international cricket – and, of course, there is much work needed throughout the year to ensure we maintain a venue capable of delivering these events to the standard we desire. With regards the costs, we of course saw an uplift directly related to the additional international income, for example costs incurred for hosting the additional ODI.The increase in expenditure breaks down into the categories of ‘ground, facilities and match expenditure’ being up £0.7m (associated income up £1.6m) and ‘admin and commercial expenses’ being up £0.7m of which £0.6m related to hospitality/catering (associated income up £0.8m). The remaining areas of expenditure were all similar in value to the previous year. Professional Cricket increased marginally by 4% from £2.8m to £2.9m. Cricket Academy, Training and Development did like- wise and reported a 2% increase from £436k to £444k. Nottinghamshire EXPENDITURE INCOME PAU L E L L I S TREASURER’ S REPORT HOSPITALITY/ CATERING INTERNATIONAL CRICKET INCREMENTAL INCOME/EXPENDITURE + £1.6M + £0.7M + £0.6M + £0.8M